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Report Date : |
13.03.2014 |
IDENTIFICATION DETAILS
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Name : |
GRUPO MARMOL Y DISEÑOS INTERNACIONAL S.A. |
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Registered Office : |
Autopista Bernardo Soto, El Coyol de Alajuela, De Riteve 300 ts al Oeste, San José |
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Country : |
Costa Rica |
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Date of Incorporation : |
Not Available |
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Legal Form : |
Joint-Stock Company |
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Line of Business : |
Import and marketing of marble, onyx, travertine and granite. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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Status : |
Undetermined |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2013
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Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
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Costa Rica |
B1 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
COSTA RICA - ECONOMIC OVERVIEW
Prior to the global economic
crisis, Costa Rica enjoyed stable economic growth. The economy contracted 1.3%
in 2009 but resumed growth at about 4.5% per year in 2010-12. While the
traditional agricultural exports of bananas, coffee, sugar, and beef are still
the backbone of commodity export trade, a variety of industrial and specialized
agricultural products have broadened export trade in recent years. High
value-added goods and services, including microchips, have further bolstered
exports. Tourism continues to bring in foreign exchange, as Costa Rica's
impressive biodiversity makes it a key destination for ecotourism. Foreign
investors remain attracted by the country's political stability and relatively
high education levels, as well as the incentives offered in the free-trade
zones; and Costa Rica has attracted one of the highest levels of foreign direct
investment per capita in Latin America. However, many business impediments
remain, such as high levels of bureaucracy, legal uncertainty due to
overlapping and at times conflicting responsibilities between agencies,
difficulty of enforcing contracts, and weak investor protection. Poverty has
remained around 20-25% for nearly 20 years, and the strong social safety net that
had been put into place by the government has eroded due to increased financial
constraints on government expenditures. Unlike the rest of Central America,
Costa Rica is not highly dependent on remittances as they only represent about
2% of GDP. Immigration from Nicaragua has increasingly become a concern for the
government. The estimated 300,000-500,000 Nicaraguans in Costa Rica legally and
illegally are an important source of mostly unskilled labor but also place
heavy demands on the social welfare system. The US-Central American-Dominican
Republic Free Trade Agreement (CAFTA-DR) entered into force on 1 January 2009
after significant delays within the Costa Rican legislature. CAFTA-DR has
increased foreign direct investment in key sectors of the economy, including
the insurance and telecommunications sectors recently opened to private
investors. President CHINCHILLA was not able to gain legislative approval for
fiscal reform, her top priority, though she continued to pursue fiscal reform
in 2012. President CHINCHILLA and the PLN were successful in passing a tax on
corporations to fund an increase for security services.
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Source
: CIA |
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CORRECT COMPANY NAME |
GRUPO MARMOL Y DISEÑOS INTERNACIONAL S.A. |
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TRADE NAME |
GRUPO MEDI |
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MAIN ADDRESS |
Autopista Bernardo Soto, El Coyol de Alajuela, De Riteve 300 ts al
Oeste |
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DEPT/PROV/REGION/STATE |
San José |
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COUNTRY |
COSTA RICA |
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TELEPHONE |
(506) 24332756 |
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CORPORATE E-MAIL |
info@grupo-mdi.com |
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WEB |
http://www.grupo-mdi.com |
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COMMENTS |
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In Costa Rica all the addresses are informal. They are based on
variable reference points, that is to say, there is not a formal or official
scheme about the address of a place, in the city or in the field. In some cities
of the country, there are names of streets and avenues but they are not often
very used by people or few understand this scheme. |
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permanent employees |
- |
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Chief Executive |
AARTS, JENNEKE CORNELIA MARIA |
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Disposition |
REPORT PREPARED FROM OUTSIDE SOURCES. |
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Payments policy |
Without rating (No payment experience traced) |
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Number of times that this company was required: 2 |
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LEGAL STATUS |
Joint-Stock Company |
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CURRENT EXCHANGE RATE (US$) |
C/.549.82 per USD1.00 |
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FULL NAMES / COMPANY NAME |
TITLE |
%PART. |
SINCE |
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AARTS, JENNEKE CORNELIA MARIA |
General Manager |
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AARTS, JENNEKE CORNELIA MARIA |
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TITLE |
General Manager |
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NATIONALITY |
Dutch |
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ID |
C.I. 152800017905 |
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BACKGROUND INFORMATION |
Education: Universiteit Utrecht Master of Science (MSc) 1983 - 1989 Languages: Spanish English German Associated to Marble Institute of America; Luxury Resort Development
Group, YBG - International LION Networkers Group; YBG UK - Making it
Happen |
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COMPANY |
TITLE |
COUNTRY |
YEAR / REF |
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MEDICONSULT |
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COSTA RICA |
1994/2009 |
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SIC Classification P - MATERIALES PARA LA CONSTRUCCION- FERRETERIA (Materiales para la
construccion, cemento, yeso, arena, fierro de construccion, ferreteria,
tuberia, ladrillos, pinturas) |
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Main activity |
Import and marketing of marble, onyx, travertine and granite. The company has 3 departments: Marmol y Disenos Internacional Offers an extensive collection imported natural stones from around the
world. It has strategic alliances with the most powerful owners of quarries
and factories to comply with any requirement in natural stone. Granitec Specializing in cut to size produced marble countertops in any
required, granite, quartz, stone Nano, etc. FLEXISTONE ® An inovative product of Grupo Marmol y Disenos Internacional. Leaves slate stone weighing 2kg m2. FLEXISTONE can be used indoors and outdoors. Possible applications are almost limitless. |
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O P E R A T I O N S |
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Import |
Yes |
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Country |
China |
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Export |
No |
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SELLING TerritorY |
Domestic market |
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EMPLOYEES |
- |
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Comments |
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Its sales are aimed at architects and construction companies. |
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Disposition |
REPORT PREPARED FROM OUTSIDE SOURCES. |
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Interviewee(s) |
Fuentes externas |
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Information provided |
This report has been developed entirely through external sources,
because we have not been able to contact this company principal executive The phone number on the order rings but no one answers, it was
possible to get another phone number 24333222 which indicates to leave the
message It should be noted that the legal name with which was requested not
registers Tax Registration We have stressed about it and then we contact Ms. Jennie Aarts
(Manager) who indicated forwarded information in the course of the next few
days, in case we get it we will send it through an additional supplement,
otherwise we will terminate our management. |
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SALES |
US$ 0.00 () |
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FINANCIAL SITUATION |
UNDETERMINED Public and private sources do not report further details. |
(Confidential Information)
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TRADE REFERENCES |
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No on inhibitions, lawsuits, notices, bankruptcies, judicial auctions,
account disqualifications, delinquent transactions have been found under the
company's name. |
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Explanation about commercial reputation
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.09 |
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1 |
Rs.101.59 |
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Euro |
1 |
Rs.84.65 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors
are apparent. Repayment of interest and principal sums in default or expected
to be in default upon maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.